Talks to begin on plan to rescue PPC from dire financial straits
PPC, Hellenikon present government with first test of problem solving mettle
National Bank first to test market waters in post-election afterglow
BoG report highlights economic challenges, proposes way forward
Annual report shows majority of debt in official hands on favourable terms
BoG notes economic progress, urges safeguarding of fiscal credibility
S&P raises core Greek banks’ ratings, with a stable outlook
Standard & Poor’s raised on Tuesday evening the four core Greek banks’ ratings to ‘CCC+/C’ from ‘SD,’ with a stable outlook, in the wake of capital controls being relaxed.
The ratings agency notes that the most important easing measure concerns new cash deposits that can be withdrawn without any restrictions and could allow for cash deposits to be brought back into the banking system. However, it expects only some minor d...
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